CFTC extends comment period for CME rule change request

Swap clearing data

The Commodity Futures Trading Commission (CFTC) is extending the time period for which it is accepting public comment on a request from the Chicago Mercantile Exchange Inc. (CME) for approval of a rule (Rule 1001) submitted pursuant to section 40.5 of the Commission’s regulations. On December 14, 2012, CME amended its filing. The new rule, as amended, would provide that:

“For all swaps cleared by the Clearing House, and resulting positions, the Clearing House shall report creation and continuation data to CME's swap data repository for purposes of complying with applicable CFTC rules governing the regulatory reporting of swaps. Upon the request of a counterparty to a swap cleared at the Clearing House, the Clearing House shall provide the same creation and continuation data to a swap data repository selected by the counterparty as the Clearing House provided to CME's swap data repository under the preceding sentence.”

Comments regarding the request should be submitted on or before January 14, 2013.